Darian DeVries’ Record-Breaking Contract with Indiana Hoosiers Revealed
Darian DeVries, the newly appointed head coach of the Indiana Hoosiers men’s basketball team, has signed a six-year contract worth an average of $4.5 million annually.¹ This deal makes him one of the top-20 highest-paid head coaches in the nation.
Contract Breakdown:
– Base Salary: $550,000 per year
– Supplemental Income: $3.7-4.2 million annually from outside marketing and promotional activities
– Total Compensation: $4.25-4.75 million per year
– Contract Duration: Six years, ending on March 31, 2031
Bonuses and Incentives:
– Big Ten Regular Season Title: $125,000
– Big Ten Tournament Title: $50,000
– NCAA Tournament Appearances: $25,000 (Round of 32), $35,000 (Sweet Sixteen), $50,000 (Elite Eight), $125,000 (Final Four), $250,000 (Championship)
– Coach of the Year Awards: $50,000 (Big Ten), $50,000 (National)
Additional Benefits:
– Moving Expenses: $25,000
– Signing Bonus: $50,000
– Adidas Gear: $10,000 per year
– Courtesy Vehicle
– Season Tickets and Credentials for IU Athletics competitions
– Unlimited Family Use of Pfau Golf Course
– License to Operate an independently owned boys’ basketball camp
DeVries’ contract also includes a significant buyout clause, with Indiana agreeing to pay his $4.7 million buyout to West Virginia “in a manner that is tax-neutral” to him.
